From TradingView · · 40s
Gold Price Trends
Gold price expected to drop as technical and macro factors favor sellers.
In brief
Gold price expected to drop as technical and macro factors favor sellers. Gold remains biased to the downside with 3,500 as key target for further declines. Originally reported by TradingView.
Gold Price Trends
XAUUSD remains biased to the downside as both macro backdrop and W1 structure continue to favor sellers.
Key Headwinds
Persistent inflation, high real yields, and restrictive Fed expectations remain key headwinds for gold.
Technical Structure
W1 structure remains bearish with price below descending trendline and Ichimoku structure limiting recovery.
Downside Target
3,500 as main downside target if buy momentum fades and selling pressure returns.
What it means
Gold remains biased to the downside with 3,500 as key target for further declines.
